Dallas Fed Trimmed Mean +2.2% versus 1.5% last month

The Dallas Fed trimmed mean PCE came in at 2.2% versus 1.5% last month. That compares favorably to the July core PCE your and your at 3.3%, and the headline PCE year on year at 3.7%. However, the rise from 1.5% last month and moving back above the 2.0% level is going the wrong…